Switch In Time
Those familiar with TradingMarkets.com’s Director of Research Dave Landry’s
methodology will recognize the Trend Pivot Pullback. The stock makes a one-day
fake out, pulls back again, then resumes its march in the direction of the
overall trend. This action will often shake out the weak hands and clear the
road for the stock to trade higher or lower. These patterns also work on an
intraday basis as well, and the Insights From The
War Room will alert these for you when we find them.
11:29:10
Intraday Setup Alert
Veritas (VRTS)
is beginning to trigger out of an intraday Trend Pivot Pullback. VRTS is
down 3.47 to 68.52.
The stock proceeds to fall nearly 1 1/2 points from the entry,
providing the nimble with a quick "get in, get out, no one gets hurt"
and a chance to pick up some fast money. Reading through examples like this in
the Insights From The War Room from
time to time will enable you to spot these patterns when they form on the
intraday charts.
Until tomorrow,
Duke